202. Santayana Company purchased a machine on January 1, 2006, for $12,000 with an estimated salvage value of $3,000 and an estimated useful life of 8 years. On January 1, 2008. Santayana decides the machine will last 12 years from the date of purchase. The salvage value is still estimated at $3,000. Using the straight-line method, the new annual depreciation will be 10 - 30 Test Bank for Accounting Principles, Eighth Edition a. $675. b. $750. c. $900. d. $1,000 to maintain the naratina efficiency of a nlant accet and